(a)(No change.) (b)Education and experience requirements for a broker license. (1)-(2)(No change.) (3)Under the Texas Occupations Code [Civil Statutes], Chapter 1101 [Article 6573a] (the Act), § 1101.357[7(g)] a person who is the designated officer of a corporation or limited liability company which is licensed as a real estate broker in another state is deemed to be a licensed real estate broker in another state. The term "state" means one of the states, territories, and possessions of the United States and any foreign country or governmental subdivision thereof. A person licensed in another state may derive the required two years' experience from periods in which the person was licensed in two or more states. [ A person whose real estate broker license is on inactive status is deemed to be a licensed real estate broker in another state.] (4)The commission shall require not less than 18 semester hours (270 classroom hours) in courses reflecting course titles or course descriptions in the real estate disciplines including, but not limited to, the statutory subject areas identified in the Act, §1101.003[ 7(a) and §7(j)]. The commission will publish periodically guidelines as to the acceptability of related courses. [Provided, however, that an applicant for a broker license who was licensed as a salesperson subject to the annual education requirements set forth in this Act must provide the commission satisfactory evidence of having completed 18 semester hours (270 classroom hours) of core real estate courses.] (c)(No change.)
This agency hereby certifies that the proposal has been reviewed
by legal counsel and found to be within the agency's legal authority to adopt.
Filed with the Office of
the Secretary of State on August 14, 2003
TRD-200305205 Loretta DeHay
General Counsel
Texas Real Estate Commission
Earliest possible date of adoption: September 28, 2003
For further information, please call: (512) 465-3900
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